``Feldman's Model,'' by Brindell Horelick and Sinan Koont, UMAP 75. This unit develops a version of G.
Question:
``Feldman's Model,'' by Brindell Horelick and Sinan Koont, UMAP 75. This unit develops a version of G. A. Feldman's model of growth in a planned economy in which all the means of production are owned by the state. Originally, the model was developed by Feldman in connection with planning the economy of the former Soviet Union. Students compute numerical values for rates of output, national income, their rates of change, and the propensity to save, and they discuss the effects of changes in the parameters of the model and in the units of measurement.
Complete the requirements of the indicated UMAP modules. (See enclosed CD for UMAP modules.)
Step by Step Answer:
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton